Ownership profile
Who owns Chewy?
Chewy is a publicly traded company (NYSE: CHWY), but private equity firm BC Partners retains a dominant voting position through a dual-class share structure, even as it has been steadily selling down its economic stake since 2024.
Ownership profile
Chewy
Chewy, Inc.
Evidence (9)
In June 2025, BC Partners' affiliate Buddy Chester Sub LLC launched a $1 billion public offering of Chewy Class A shares, as confirmed in an SEC free writing prospectus
https://www.sec.gov/Archives/edgar/data/0001766502/000119312525144735/d900305dfwp.htmChewy has two classes of common stock: Class A (one vote per share, publicly traded on NYSE under CHWY) and Class B (ten votes per share, not publicly traded, held by BC Partners-affiliated entities)
https://www.sec.gov/Archives/edgar/data/0001766502/000119312524222987/d849371d424b7.htmFollowing the 2024 secondary offering and concurrent share repurchase, Chewy self-described as a 'controlled company' under NYSE corporate governance rules
https://www.sec.gov/Archives/edgar/data/0001766502/000119312524222987/d849371d424b7.htmChewy, Inc. trades publicly on the New York Stock Exchange under ticker CHWY; it went public in June 2019 at $22 per share
https://www.sec.gov/Archives/edgar/data/0001766502/000119312519175690/d766795dex991.htmBC Partners controls Chewy through Class B shares giving it roughly 88% of total voting power as of mid-2026, despite a declining economic stake
https://legalclarity.org/who-owns-chewy-petsmart-bc-partners-and-shareholders/BC Partners Holdings Ltd is classified as a 10-percent owner of Chewy Inc. in SEC insider filings tracked by GuruFocus
https://www.gurufocus.com/insider/120844/bc-partners-holdings-ltdAfter the June 2025 share sale (29.94 million Class B shares converted to Class A and sold at $41.75/share), BC Partners still retained approximately 89.8% of Chewy's voting power
https://www.ainvest.com/news/chewy-1-25-billion-share-sale-vote-confidence-signal-caution-2507/A July 2025 block trade saw BC Partners funds sell 23.9 million Class A shares at $41.91/share ($1 billion), reducing their economic interest in Chewy to approximately 47% from about 53%
https://stocktwits.com/news-articles/markets/equity/chewy-shareholder-bc-partners-to-sell-1-b-shares-retail-mood-drops/chm4bHNRRdVPetSmart acquired Chewy in May 2017 for approximately $3.35 billion; PetSmart was then owned by BC Partners, making Chewy a subsidiary within a PE-controlled corporate family before its 2019 IPO
https://swottemplate.com/blogs/owners/chewy-ownersWhat's uncertain
- BC Partners' exact residual economic ownership percentage fluctuates with ongoing share sales; the ~47% economic figure is from a July 2025 Bloomberg estimate and may be further reduced by subsequent sales.
- Although BC Partners' voting power (~88% as of mid-2026) meets a 'controlled' threshold, the structure is that of a publicly listed company with an active controlling shareholder, not a classic PE buyout; pe_involvement is scored 'influenced' to reflect the public market context and ongoing stake reduction.
- The dual-class share structure means economic stake and voting control diverge significantly — consumers should be aware that despite being a public company, BC Partners retains outsized decision-making power.
- All shareholding percentages are derived from SEC filings and third-party financial news sources as of mid-2025 to mid-2026; further selldowns may have occurred after July 3, 2026.